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2022 (11) TMI 302 - ITAT VARANASIDisallowance of sale and administrative expenses - Assessee failed to produce any bills/vouchers - only contention raised by assessee is that its pump/filing station for petrol, diesel etc. is in remote area and no bills /vouchers for expenses are available - HELD THAT:- It of the considered view that since the assessee has completely failed to produce any bills/vouchers for sale and administrative expenses to substantiate that these sale and administrative expenses were incurred wholly and exclusively for the business of the assessee, and the Assessing Officer made disallowance to the tune of 25% of these expenses which is reduced by ld. CIT(A) to 12 ½% wherein substantial relief is already granted by ld. CIT(A). Revenue has not come in appeal against relief granted by ld. CIT(A), and thus, in my considered view , no interference is called for with the appellate order passed by ld. CIT(A) and the estimate of disallowance made by ld. CIT do not call for any interference by me , as there is no material on record which could justify further relief. No merit in the appeal filed by assessee before tribunal on this issue, which now stand dismissed. Disallowance of drawings for household expenses - AO estimated household drawing expenses of Rs.20,000/- per month - HELD THAT:- Keeping in view that we are presently concerned with financial year 2012-13 , the drawings towards household expenses to the tune of Rs.10,000/- per month is quite justifiable and is reasonable , more-so keeping in view status of the assessee that he is retailer of Bharat Petroleum Corp. Ltd. and having a petrol filing station , of which the annual turnover was substantial to the tune of Rs.11.77 crores during the year under consideration and in my view , drawings for household expenses of Rs.10,000/- per month is quite reasonable . Thus , in nutshell, the assessee is not entitled for any further relief towards estimation of household expenses . This disposes ground number 5, which now stands dismissed.
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